Virgin and O2 Clinch U.K. Approval for $44.4 Billion Deal
- Tie-up unlikely to lead to higher prices, poorer service: CMA
- Deal will challenge former state monopoly BT Group Plc
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Telefonica SA and Liberty Global Plc won approval to combine their U.K. operations O2 and Virgin Media, clearing the way for the creation of a 31.4 billion-pound ($44.4 billion) powerhouse that will reshape the nation’s phone markets.